Finance Ministry
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Rs 67,382 cr unaccounted money disclosed under IDS scheme so far: Finance Ministry
Dec 05, 2016, 08:15 AM ISTThe government on Sunday revised upwards the amount of black money disclosed under Income Declaration Scheme (IDS) to Rs 67,382 crore, even as it did not take into account two high-value disclosures.
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‘Gold in your locker is safe’ clarifies government
Dec 02, 2016, 12:52 PM ISTthe government said that jewellery and gold in all its form purchased out of disclosed income or legally inherited from ancestors is not chargeable to tax under the amended I-T law
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‘Those converting black money into white will not be spared’, warns government
National | Dec 02, 2016, 11:53 AM ISTFinance ministry today said those indulging in money laundering activities and converting their ill-gotten money into white will not be spared as law-enforcement agencies are already chasing such trails.
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No provision in new I-T law to tax gold, jewellery purchased out of disclosed income, clarifies govt
Dec 01, 2016, 04:56 PM ISTThe government today clarified that there was no new provision introduced in the amendments to the Income Tax laws regarding chargeability of tax on gold and jewellery.
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No proposal to limit domestic gold holdings: Sources
Nov 25, 2016, 09:01 PM ISTIn further crackdown on black money, the Narendra Modi government may consider imposing curbs on domestic holdings of gold, according to finance ministry sources. However, when a finance ministry spokesman was asked about the same,
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Govt forms panel to assess status of demonetisation drive
Nov 22, 2016, 11:15 AM ISTThe government has constituted a committee comprising Additional Secretaries, Joint Secretaries and Directors to know the status of implementation of its recent decision to scrap Rs 500 and 1,000 notes.
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No proposal to seal bank lockers, confiscate jewellery: Finance ministry
Nov 18, 2016, 03:16 PM ISTthe Finance Ministry on Friday said there was no move to seal bank lockers nor was it true that the ink of the new Rs 2,000 notes has been bleeding in some cases.
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Don’t use indelible ink in banks, EC tells government
India | Nov 18, 2016, 11:55 AM ISTThe Election Commission has asked the Finance ministry not to use indelible ink in banks as it might create problems in states going to polls.
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Demonetisation: 10 steps announced by government today to minimise inconvenience
Nov 15, 2016, 10:09 PM ISTAs the long queues outside banks and ATMs continue creating chaos among cash strapped people, the government has taken several steps to smoothen the exchange and deposit of scrapped Rs 500 and Rs 1000 notes.
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Finance Ministry raises ATM withdrawal limit to Rs 2,500 per day
Nov 13, 2016, 09:37 PM ISTTaking into account the hardships faced by millions of Indians post the demonetisation move, the government today resorted to provide slight relief to the citizens standing in bee lines of ATMs and banks. In the
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Direct tax collection up by 10.6 pc, indirect tax up by 26.7 pc in Apr-Oct: Finance Ministry
Nov 10, 2016, 07:37 AM ISTDirect tax collection was up by 10.6 per cent to Rs 3.77 lakh crore while the indirect tax collection jumped by 26.7 per cent to Rs 4.85 lakh crore during the April to October period this year
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How much black money held by Indians? Govt declines to share assessment reports
Oct 23, 2016, 02:46 PM ISTThe government has declined to shares reports reports submitted to it nearly three years ago on the quantum of black money held by Indians inside the country and abroad.
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Leading banks recall 32 lakh debit cards over security breach; govt says ‘they are safe’
Oct 20, 2016, 11:54 PM ISTIn biggest ever security breach of over 32 lakh debit cards of various banks, several banks have recalled a large number of cards while others such as, HDFC Bank, have urged customers to change their
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No need to panic, debit cards are safe, says Finance Ministry
Oct 20, 2016, 10:05 PM ISTIn the midst of fear due to security breach of over 32 lakh debit cards of various banks, Finance Ministry on Thursday sought to calm people down by saying that they constitute only a small
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Finance Ministry warns tax officials of action against GST protest
Oct 15, 2016, 09:35 AM ISTThe Finance Ministry has warned tax officials of disciplinary action if they go ahead with planned protests, including taking mass casual leave, on the budget day.
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Parliamentary panel to examine Cabinet-approved merger of budgets
Sep 25, 2016, 12:54 PM ISTThe parliamentary panel on finance has decided to examine the Cabinet approved merger of Railway Budget with General Budget along with its "ramifications thereof". Putting an end to a 92-year-old practice, the Cabinet had
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Finance Ministry raises concerns over Moody's 'methodology' after it refuses to improve India’s rating
Sep 22, 2016, 06:26 PM ISTThe Finance Ministry today expressed concerns about the methodology used by credit rating agency Moody's.
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Union Cabinet to consider presenting General Budget on Feb 1
Sep 21, 2016, 10:35 AM ISTThe Union Cabinet will today consider the Ministry of Finance’s proposals to merge Railway Budget with the General Budget and advancing the date of its presentation.
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Now, government pensioners can track status via SMS, online
Sep 14, 2016, 05:56 PM ISTFinance Ministry has launched a web portal that will enable over 11.61 lakh government pensioners to track the status of their pension.
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After Presidential nod, government notifies GST Council; decision on tax rates next
Sep 12, 2016, 11:39 AM ISTFollowing Presidential assent last week to the GST Bill, the Finance Ministry today notified the provisions of the Constitution (One Hundred and First Amendment) Act, 2016 that will allow setting up of the crucial Goods and Services Tax (GST) Council